A Record $7.9 Trillion Is Sitting in Cash. Citi Warns Inflation Is Making It Bleed Value.

Source: International Business Times

Americans holding large amounts of cash in savings accounts and money market funds may be losing purchasing power faster than they realize, according to Citi Wealth, which is urging investors to rethink oversized cash positions as inflation outpaces the returns available on many cash investments. The warning comes after the latest inflation data showed price pressures accelerating across the U. S.